Independent Financial Partners added 45 financial advisors to its RIA network in the second quarter as it boosted revenue 54% from a year earlier.
Already this year, Independent Financial Partners, which has nearly 500 advisors and was recently ranked as the largest RIA in Florida, has increased its advisor count by more than 50% over the total number of advisors in added in 2011.
William Hamm, Jr., the company's CEO, said advisors are drawn to the Tampa., Fla., wealth manager because "we use economies of scale to keep our payouts high and, most importantly, we work to maximize the independence of our advisors."
Independent Financial Partners increased its total revenue by 300% last year and is on track for another year of "massive" growth.
"Our goal is to provide our advisors with tools and resources to improve their business," said Jennifer Tanck, the company's president.